Press release
Steady Expansion Forecast for Cellular M2M Market, Projected to Reach $52.44 Billion by 2029
Cellular M2M Market
Cellular M2M Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the cellular m2m market has expanded dramatically. From its $17.51 billion size in 2024, it is predicted to escalate to $21.46 billion in 2025, with a compound annual growth rate (CAGR) of 22.5%. This growth throughout the historic period can be attributed to a surge in demand for connectivity, heightened needs for industrial automation, expansion in fleet management, escalating demand for energy management, and the increasing number of smart cities.
Cellular M2M Market Size Forecast: What's the Projected Valuation by 2029?
The market size for cellular m2m is predicted to experience significant expansion in the upcoming years, climbing to a staggering $52.44 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 25.0%. This prospective growth in the forecast period can be ascribed to various factors including the rise in healthcare applications, the expansion of healthcare infrastructure, a boost in government spending for research and development, the growing demand for smart agriculture, and the rising implementation of 5g technology. The trend indicators for the forecast period comprise IoT development, an escalated focus on edge computing, industrial automation, strategic collaboration, and the introduction of innovative products.
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What Are the Drivers Transforming the Cellular M2M Market?
The proliferation of high-speed internet and connectivity technologies like 4G and 5G is anticipated to stimulate the expansion of the cellular M2M market during the forecast period. The trend towards wireless networking is becoming increasingly prevalent in various industries as it offers a means to engage with customers and enhances operational flexibility. M2M communication, powered by cellular networks, is facilitated through wide area networks (WANs). The speed and dependability of 5G are foreseen to considerably influence M2M. For example, as per 5G Americas, a trade group based in the US, representing major telecommunication firms and services, global 5G wireless network connections experienced a remarkable increase of 76 percent from the end of 2021 through the end of 2022, reaching 1.05 billion. Thus, the increased adoption of advanced internet and connectivity technologies, such as 4G and 5G, is likely to be a key driver of growth in the cellular M2M market.
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What Long-Term Trends Will Define the Future of the Cellular M2M Market?
Leading enterprises in the cellular M2M market are focusing on the creation of inventive solutions to facilitate smooth connectivity and boost communication between machines. The intention is to enhance the effectiveness, scalability, and dependability of the network, promoting efficient data transmission amongst devices in diverse sectors such as automotive, healthcare, and logistics. For example, T-Mobile and Deutsche Telekom, two mobile telecommunication firms based in Germany, launched T-IoT in February 2022. This business solution is intended for managing IoT connections, platform oversight, and support. This service allows companies to supervise international connections across 188 locations and 383 networks, boosting worldwide connectivity for M2M applications.
Which Segments in the Cellular M2M Market Offer the Most Profit Potential?
The cellular m2m market covered in this report is segmented -
1) By Services: Connectivity Services, Professional Services, Managed Services
2) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Application: Asset Tracking And Monitoring, Predictive Maintenance, Telemedicine, Fleet Management, Warehouse Management, Industrial Automation, Smart Meter, Other Applications
4) By End-User: Healthcare, Energy And Utilities, Transportation And Logistics, Manufacturing, Other End-Users
Subsegments:
1) By Connectivity Services: Cellular Network Connectivity, SIM Card Management Services, Data Plans and Billing Services
2) By Professional Services: Consulting Services, Integration Services, Training and Support Services
3) By Managed Services: Device Management Services, Application Management Services, Network Management Services
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Which Firms Dominate the Cellular M2M Market by Market Share and Revenue in 2025?
Major companies operating in the cellular m2m market include Deutsche Telekom AG, AT&T Inc., Verizon Communications Inc., China Mobile Limited., Telefonica S.A., Aeris Communications India Pvt. Ltd., China Telecom Corporation Limited., Arm Holdings plc., Infineon Technologies AG, Kore Wireless, Orange S.A., SK Telecom Co. Ltd., Vodafone Group PLC., Sierra Wireless, Telit Communications, Sigfox SA, Qualcomm Inc., ORBCOMM Inc., Astrocast SA, Nokia Corporation, Huawei Technologies Co. Ltd., Cisco Systems Inc., Digi International Inc., Novatel Wireless Inc., NumEr*ex Corp., Multi-Tech Systems, CalAmp Corp., Cubic Telecom, Telenor Connexion AB, Thales Group
Which Regions Offer the Highest Growth Potential in the Cellular M2M Market?
North America was the largest region in the cellular M2M market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the cellular m2m market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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